Irma has $500 to open a checking account. She wants an account with the lowest fees. She plans to use only her bank’s ATM to deposit her paychecks and withdraw cash.
Which checking account would be best for Irma?
Account A
Account B
Account C
Account D
Answers
Answer: the correct answer is A
Explanation:
Answer:
A
Explanation:
Related Questions
What is the largest difference in stocks and bonds?
a. Bonds are a binding contract, promising the holder a portion of the company's annual profit,
unless it is unprofitable, while stocks are a very standard investment and pay off a
predetermined amount after a period of time.
b. Stocks are a share of ownership in a company and give the stockholder voting rights, while
bonds are similar to lending a company or government money.
C. Stocks are the most secure of all investments and bonds are some of the least secure.
d. Bonds are available to the public, while stocks are reserved for the financial elite.
Answers
Answer:
B
Explanation:
Stocks are a share of ownership in a company, and a bond is a document that states how you will earn a certain amount of money after a predetermined time.
hope this helps :)
Stocks are a share of ownership in a company and give the stockholder voting rights, while
bonds are similar to lending a company or government money.
What Is a Shareholder?Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.
These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.
A majority shareholder is a single shareholder who holds and controls more than 50% of the outstanding shares of a corporation. Comparatively, minority shareholders are individuals who own less than 50% of a company's equity.
To know more about equity
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HURRY !! The information given to you by your teachers is always accurate and should never be questioned.
TRUE or FALSE
Answers
Answer:
Fasle
Explanation:
No one is perfect
and i'll be giving out brainly to random people every month <3
Answers
Answer:
Hello
Explanation:
Im bored
Btw do you have padlet?
Support Test: Over %______of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test. Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides over______% of the support. Any person who contributed more than______% of the support is entitled to claim the exemption if each person in the group who contributed more than______% files a written consent.
Answers
Answer:
Over 50% of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test.
Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides 50% of the support. Any person who contributed more than 10% of the support is entitled to claim the exemption if each person in the group who contributed more than 10% files a written consent.
At work, Mario was trying to show Jenessa the new procedure for stocking the shelves. Jenessa kept working as he explained and quickly became frustrated because Mario kept telling her she was doing it wrong. What could Jenessa have done first to be a better active listener?
Answers
Answer: She could have stopped what she was doing to give Mario her full attention.
Explanation: I took the test
Which department of a business is responsible for creating budgets and
analyses the inflow and outflow of the company's monetary assets?
Research and Development
O Production
O Accounting and Finance
O Marketing and Sales
Answers
Answer:
Accounting and Finance
YOOOOOOOOOOO just wanted to say
Answers
Answer:
wassup
Explanation:
A physician has been practicing medicine for forty years. Within the last fifteen years, he has shifted from handwriting all of his cases to inputting information into his electronic medical record. This is an example of the importance of
1.career portfolios.
2.credentialing.
3.life-long learning.
4.licensure.
P:EASE HELP ME AND QUICCK ILL GIVE YOU THE BRAINIEST CROWN THINGY>>>PLEASE HELPPP
Answers
Answer:
3.life-long learning.
Explanation:
ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey doesn’t qualify for any deductions, but he can claim the lifetime learning credit.
Corey’s adjusted gross income is BLANK
and his total tax due will be (decreased or increased)
by the credit.
Answers
Answer:
Corey’s adjusted gross income is $25,300 and his total tax due will be decreased by the credit.
Explanation:
Add what Cory earned and his capital gain to make $25,300
Cory claimed the lifetime learning credit which decreases his total tax due
The owner of a small convenience store observed that almost all customers paid with credit cards regardless of whether they had cash available, resulting in significant processing charges for the store. The owner began to add a fifty-cent charge to credit card purchases under two dollars, and during the following month, virtually all customers used cash for small purchases while continuing to use credit cards for larger purchases. Nonetheless, during the month after the charge was instated, the average dollar amount of each cash transaction was almost identical to the average dollar amount of each credit card transaction.
The information in the passage most strongly supports which of the following?
A. The average dollar amount spent by customers who did not have cash available was higher after the charge was instated than it had been beforehand.
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
C. The average dollar amount spent in each cash transaction at the convenience store was lower after the charge was instated than beforehand.
D. A significant majority of purchases made at the convenience store during the month after the charge was instated were made using credit cards.
E. Prior to the charge, the average amount spent on credit card transactions was higher than the average amount spent on cash transactions.
Answers
Answer:
B. After the charge was instated, customers who used cash for purchases totaling two dollars or more spent more, on average, than customers who used credit cards for these purchases.
Explanation:
Since the average transaction remained almost unchanged, that means that customers who used to spend $2 or less are now spending more on average. Assuming that customers that purchase higher amounts didn't change their habits, the only way that the cash purchases equal credit card purchases is that people paying in cash buy more things.
E.g. there are 20 transactions worth more than $2 which are paid using a credit card, so the average transaction is more than $2. In order for cash purchase to have a similar mean, the some transactions will be less than $2 but other transactions must be higher in order to increase the mean of cash purchases: 15 cash transactions worth $1 and 5 cash transactions worth $6, mean cash transaction = $2.25.
Components Personal consumption expenditures (C) $9,224.5 Gross private domestic investment (I) $2,209.2 Government consumption expenditures and gross investment (G) $2,523 Exports (X) $1,467.6 Imports (M) $2,229.6 Net exports of goods and services (NX) $ Gross domestic product (GDP) $ This method of calculating GDP, which involves summing the , is called the approach.
Answers
Answer:
Net Exports = $-762GDP = $13,194.70Expenditure approach.Explanation:
The Gross Domestic Product (GDP) is the value of the final goods and services produced in a country in a given period (usually a year).
It can be calculated by the formula;
= C + I + G + (X - M)
= Consumption + Investment + Government Spending + Net Exports
Net Exports = Exports - Imports
= 1,467.60 - 2,229.60
= -$762
GDP = 9,224.5 + 2,209.2 + 2,523 - 762
= $13,194.70
This method of calculating GDP is called the EXPENDITURE METHOD because it calculates the amount spent on gods and services in the country because the logic is that the final goods and services produced in the country were spent on by economic agent.
Chloe enjoys her math classes, and she would like to find a career that will allow her to continue to use her math skills. Which career would be a good fit for her? A. accountant B. purchasing agent C. commercial carpenter D. human resources manager
Answers
Answer:
Just give
PhysicsGirl brainiest
hEY BRAINLY USERS IHAVE LITTLE FAVOR TOASK YOU GUYSI REALLY WANT TO BECOME THE FRIST GIRL AT MY SCHOOL TO BECOME A vice President of Academics BUT I DON'T KNOW HOW I WILL TELL THEM THAT I BE GOOD AS vice President of Academics SO CAN SOMEONE HELP ME PLZZZZZZZZZZ
Answers
Answer:
writing your assets down and showing people that could help. or taking on a smaller role and excel at that to prove you deserve more responsibility.
Explanation:
Revenue recognition over time and at a point in time under ASC Topic 606 (LO3-4) MSK Construction Company contracted to construct a factory building for $525,000. Construction started during 20X1 and was completed in 20X2. Information relating to the contract follows:
20X1 20X2
Costs incurred during the year $290,000 $150,000
Estimated additional cost to complete 145,000 —
Billings during the year 260,000 265,000
Cash collections during the year 240,000 285,000
Required:
1. Record the preceding transactions in MSK’s books assuming it recognizes revenue over time and uses costs incurred to measure the extent to which its performance obligation has been satisfied.
2. Record the preceding transactions in MSK’s books assuming it recognizes revenue at a point in time when control of the completed factory is transferred to the customer at the end of the project.
Answers
Answer:
MSK Construction Company
a) Journal Entries:
Debit Contract Cost $290,000
Credit Cash Account $290,000
To record the cost of the contract incurred for the 1st year.
Debit Accounts Receivable $260,000
Debit Unbilled Contract $90,000
Credit Contract Revenue $350,000
To record the contract revenue for the first year.
Debit Cash Account $240,000
Credit Accounts Receivable $240,000
To record the receipt of cash for the first year.
Debit Contract Cost $150,000
Credit Cash Account $150,000
To record the cost of the contract incurred for the 2nd year.
Debit Accounts Receivable $265,000
Credit Contract Revenue $175,000
Credit Unbilled Contract $90,000
To record the contract revenue for the 2nd year.
Debit Cash Account $265,000
Credit Accounts Receivable $265,000
To record the receipt of cash for the 2nd year.
Explanation:
Contract price = $525,000
Contract data:
20X1 20X2
Costs incurred during the year $290,000 $150,000
Estimated additional cost to complete 145,000 —
Billings during the year 260,000 265,000
Cash collections during the year 240,000 285,000
Revenue Recognition over time based on costs:
Total estimated cost = $435,000 ($290,000 + 145,000)
Revenue in the 1st year = ($290,000/435,000 * $525,000) = $350,000
Revenue in the 2nd year = $175,000 ($525,000 - $350,000)
Revenue Recognition at point in time when control is transferred:
Revenue in the 1st year = $0
Revenue in the 2nd year = $525,000
Carolina Biological Supply Company sells science instructional materials. It wants to grow beyond the current customer base and identify potential markets besides the public education systems. What is the order it should follow to take in the market targeting process?
Answers
Explanation:
The factors about the website that you want to consider to make sure you are viewing a reliable source are:
-Expertise of the site: Check if the websites specialize in information related to careers to make sure they have knowledge about the topic.
-Well-known organization: Validate if the organization that manages the website is well established and is considered reliable.
-Date and author: Look for the date to make sure the information is up to date and avoid information with anonymous authors.
-Site's look: Consider if the website has a professional appearance as that can show that it could be reliable. However, other factors have to be taken into account.
Information of goods and services of solo factory in Trinidad
Answers
Answer:
What's your question? I'll answer in the comments of this answer if you can give me the rest of the question :)
Explanation:
Before any digging takes place on someone’s property, it is important that all underground electrical wires, cable wires, water/sewer pipes, and gas mains have been marked. Marking prevents the digger from accidentally encountering these underground hazards. A state has set up a hotline for people to call before they dig. The manager overseeing the hotline knows that if callers are kept on hold for very long, they may hang up and begin excavation without getting their property marked. Therefore, keeping wait times down is important. To achieve this objective by the beginning of the busy summer construction and gardening season, the manager has decided to use management by objectives (MBO).
Answer Management by Objectives Step Activity Setting a goal
A. A pool of twelve contingent call center workers who work at home will be hired and trained before April 15 These employees can be activated anytime hold times threaten to exceed 90 seconds.
B. Based on data on how long people wait before hanging up, the manager decides the maximum time on hold should be 90 seconds
C. On April 1, the manager sees that nine contingent call center workers have been hired and completed training. On June 30, call center data show 5 percent of calls are on hold for more than 90 seconds
D. On September 30, the manager reports that call center hold times for the summer construction season averaged 42 seconds, with 30 percent of all calls not being put on hold at all but 2 percent of calls exceeding 90 seconds of hold time. The plan is rated mostly successful.
A. Developing an action plan
B. Reviewing progress
C. Appraising performance
D. Grade It Now Save & Continue Continue without saving
Answers
Answer:
A). Developing an action plan.
Explanation:
The given descriptions suggest that the manager developed a plan of action to ensure that all the objectives are successfully attained effectively and efficiently in time. The 'management by objectives'(MBO) helps in enhancing the communication and coordination among the employees, effective resource utilization, clear processing of objectives step by step, and promotes better performance, and successful completion of goals. Thus, option A is the correct answer.
We live in a wonderful world that is full of beauty, charm and adventure. There is no end to the adventures we can have if only we seek them with our eyes open. Internalize or Meaning
Answers
Answer with Explanation:
The world is a wonderful place to live, it is full of beauty and adventure indeed; however, not everyone can appreciate it. This is because not all people can see the positive side of what is happening around them.
People who cannot sense the beauty in the world are blinded by their sufferings. For example, a person who was abandoned by her lover will truly feel depressed. However, there is actually beauty in such pain. Being abandoned makes a person stronger than before and it allows him to tackle the future challenges in life courageously.
Another example, if you hate somebody and dwell on that hatred for long time, you won't be able to open your eyes. A way out for such hatred is making a good connection with that person rather than hating him. It's a positive move and will truly make your relationship more beautiful.
The government should not worry about the environment. It has no business to worry about how people treat the pollution, waste, nature and land use, as all of these things are not necessary to help make a good economy.
True
False
Answers
Answer:
true
Explanation:
CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
Mostly interested in 1-3 as this is the question to be answered for homework. Please provide research and references. Thank You
CA1-1 (FASB and Standard-Setting) Presented below are four statements which you are to identify as true or false. If false, explain why the statement is false.
1. GAAP is the term used to indicate the whole body of FASB authoritative literature.
2. Any company claiming compliance with GAAP must comply with most standards and interpretations
but does not have to follow the disclosure requirements.
3. The primary governmental body that has influence over the FASB is the SEC.
4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.
Answers
Answer:
1. GAAP is the term used to indicate the whole body of FASB authoritative literature.
⇒ TRUE
2. Any company claiming compliance with GAAP must comply with most standards and interpretations but does not have to follow the disclosure requirements.
⇒ FALSE
In order to comply with GAAP, companies must comply with all (not just most) the standards and interpretations. This includes all the disclosure requirements. You cannot simply choose which standards to follow and which not to follow.
3. The primary governmental body that has influence over the FASB is the SEC.
⇒ TRUE
4. The FASB has a government mandate and therefore does not have to follow due process in issuing a standard.
⇒ FALSE
The second premise by which the FASB works states that it must operate through a due process system and their work must be available to the general public.
most four year colleges want an applicants scores for all of the following except
A.class rank
B.IQ
C.GPA
D.standerdized tests
Answers
Answer:
I think it is IQ.
I'm not 100% sure
Explanation:
As the number of multinational corporations increases, we are experiencing international ethical dilemmas. one very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. s
Answers
Answer: A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
Explanation:
Developing countries are notorious for setting low legal minimum wages in order to attract foreign investment and also because such countries have lower standards of living.
For Multinationals to improve conditions therefore, they would have to independently determine a living wage that they could pay such workers to alleviate their conditions and this effort would be taxing because Multinationals are not on ground to conduct proper research.
A silver lining is that customers surveyed say they are willing to pay extra if conditions in sweat shops would improve.
Full question is;
As the number of multinational corporations increases, we are experiencing international ethical dilemmas. One very real concern during the past decade is the human rights abuses in sweatshops where several multinationals contract manufacture their products, in exchange for cheap labor. Several retailers have banned together to set ethical standards in foreign factories. Which of the following statements summarizes the challenges of companies doing business in developing countries and the concerns of their customers?
A) Multinationals must subjectively determine the local "living wage," which is usually more than the local legal wage in developing countries. Customers surveyed say they are willing to pay a few dollars more to improve working conditions in sweatshops.
B) Economically sensitive customers want companies to pass along cost savings to them, at all costs, even if the products are made through offshore outsourcing. Companies want to please customers, first!
C) Most multinational corporations have made no attempt to improve working standards at sweatshop factories. They will turn a blind eye to the problem unless U.S. law is passed to force the issue. Customers understand that legal limits come before ethical standards.
D) Multinationals cannot be expected to demand socially responsible behavior from their supplier, including foreign sweatshops. When doing business abroad, the U.S. company need not comply with U.S. law when its supplier(s) is not in the U.S. or on U.S. territory.
help need this in 30 mins! 1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the lesson 2 questions on what you want from your life page. (1-3 sentences. 3.0 points)
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1=3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
Answers
1. The best example of a task that makes a lot of sense in a company to outsource its customer support which is more common than phone support. Even the costs may be high, there are many parts which employing, providing office space, and training, and paying taxes on support reps are not very high. It makes sense because it is the best way to outsource a company and to make a better approach to the client.
2. Human resources staff are tasked with keeping up-to-date personnel policies for the companies they work for. These policies govern how a business is run, from hiring and termination to policies for sexual harassment and forms of workplace discrimination. Personnel policies are given to new employees to review, and they are often asked to sign a statement saying that they read and understand the policies. Policies and procedures vary from company to company, but certain elements are common.
3.
Heading information: Where they live, where they came from, who to contact when something bad happens.Work Environment: Know what's around you, be able to know it's safe for workers.3 or 4 skills they need to have: Being able to do the work they are task with.4. I would use employee referral programs and hire for attitude and then do training for skills. Employees working in your organization can be a valuable source of knowledge need when recruiting. They have friends and acquaintances that are in the same field. Come up with a policy that will enable staff to refer suitable candidates for job positions in the company. A smart recruiter should search for attitude when recruiting employees because skills can be gained. The best candidate should show a positive attitude towards a position with the required skills which is in most cases difficult to find. The technique to employ here as a recruiter is to find a person with a positive attitude towards a job posting.
5. The 2 methods which I will use to identify job opportunities if I was looking for a job would be, internships and company websites. Internships: As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity. Company Websites: If I want a job and want to get to know the company better, why not check out the job part of the company’s website. If I will see opportunities on the company’s website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page.
So here are the questions the question is talking about:
What activities do you most enjoy?What activities do you least enjoy?What things have you never done before but want to try?What things would your job need to include in order to make you feel satisfied?What things are you especially good at?What are your weaknesses?What values are most important to you?What issues or causes do you care most about?Which people in your life are most important to you?I answered these 3:
What are your weaknesses? My weaknesses include trouble focusing, impulsiveness, lack of motivation at times, and wanting to be recognized for my efforts. Which people in your life are most important to you? My mom, my grandpa, and my best friend. I would do anything for them, and they know that. I tend to care about their wellbeing more than my own because they give me the motivation to pursue any opportunity that comes my way. What things are you especially good at? I am good at motivating and helping others. I understand my faults and always try to improve in any shape, way, or form. I am also very personable.7. I am not sure what career I want to go in so I will just say an example. If I wanted to work in the veterinary field or be an animal doctor, some steps to take to lead toward this career would be to volunteer at the SPCA or animal shelters so I can get hands-on experience and a first-hand experience on what your career would be. With the prior knowledge of the animals on your resume, it would look good and they would hire me for my prior experience.
8. The section that was the easiest was the general information page. Including your name, age, etc. The hardest section for me was the goals section because I don’t really have any concrete goals at this point in my life right now and I am stuck choosing between multiple career options. One example of an experience I had in the past was when I would volunteer at my church (when I was religious). Now I tend to act as my mother’s secretary for her job, letting her know information from a voicemail, driving her, or taking notes for her meetings.
I put a lot of time and effort into this so, I hoped this helped! :)
Which of the following best describes a trial balance?
A. Is the final account in the books
D. Discloses the financial position of a business
C. Is a list of balances on the books
B. Shows all the asset balances
Answers
Answer:
A
Explanation:
In the accounting process extracting a trial balance is the final step.
When a change in the supply and demand occur within a market, the effect on the new equilibrium market price or quantity can be determined. However, without information on the relative size of these shifts, both price and quantity cannot be determined. Match the supply and demand changes to the outcome that is known about the new equilibrium in the market for pizza, where pizza is a normal good and cheese and dough are inputs. consumer income rises; pizza dough decreases in price consumer income falls; pizza dough decreases in price consumer income falls; cheese increases in price consumer income rises; cheese increases in price price decreases; output uncertain______price increases; output uncertain_____output decreases; price uncertain______output increases; price uncertain_____.
Answers
Answer:
consumer income rises; pizza dough decreases in price
⇒ output increases; price uncertain
higher consumer income results in higher pricesbut decrease in the price of inputs results in lower pricesboth result in higher outputconsumer income falls; pizza dough decreases in price
⇒ price decreases; output uncertain
both result in lower pricesfalling consumer income result in lower outputdecrease in the price of inputs results in higher outputconsumer income falls; cheese increases in price
⇒ output decreases; price uncertain
both lower outputfalling consumer income decreases priceincrease in price of inputs increases priceconsumer income rises; cheese increases in price
⇒ price increases; output uncertain
both increase pricerising consumer income increase outputincrease in price of inputs decreases output
When consumer income rises; pizza dough decreases in price
Although ⇒ output increases; price uncertainWhen higher consumer income results in higher pricesAlso, the decrease in the price of inputs results in lower pricesSo that both result in higher outputWhen consumer income falls; pizza dough decreases in price
Next ⇒ price decreases; output uncertainWhen both result in lower pricesThen falling consumer income results in lower outputThen decrease in the price of inputs results in higher outputWhen consumer income falls; cheese increases in price
Now⇒ output decreases; price uncertainWhen both lower outputThen falling consumer income decreases priceThen increase in the price of inputs increases the priceSo that, consumer income rises; cheese increases in price
Now ⇒ price increases; output uncertainThen both increase priceWhen rising consumer income increase outputWhen an increase in the price of inputs decreases output
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I will give the right answer brainliest. Choose the option that best matches the description given.
_____ try to influence legislation and help human services organizations to achieve their goals.
1. Legislative aides
2. Lobbyists
3. Lawyers
Answers
Answer:
2. Lobbyists
Explanation:
A lobbyist is any individual or a group of individuals who communicates directly or indirectly with others to influence or attempt to influence the drafting, debate, vote, approval, or introduction of some legislation. In this context, a lobbyist may be a legislator trying to influence fellow legislators or any person who communicates with a legislator to advocate and promote the desires of human services organizations.
Answer:
Lobbyists
Explanation:
Sue wants to work as a chemical engineer for either a large corporation or the government. What would you advise her to
do while she is earning her bachelor's degree to gain some real-world experience in the field of chemical engineering while still earning
college credits ?
a) Apply for a cooperative education experience, through her university, at a company or an agency that will provide her real work
experience in her field of study
b) Study hard and wait until she earns her degree to get experience
c) Take a job on campus working in the office typing papers for engineering professors
d) Take a part-time job working nights at a pharmacy
Answers
Answer:
A
Explanation: The most common reason tbh.
Answer: A
And just trust
the hire purchase price of a table And chairs is shilling 16800 with 25% paid as a deposit .the rest is spread over 12 equal monthly instalments calculate the amount of deposit?
Answers
Answer:
shillings . 4,200
Explanation:
The hire purchase price Shs. 16,800
The deposit is 25% of 16,800
= 25/100 x 16,800
=0.25 x 16,800
=Shs. 4,200
red when choosing a form of ownership
o
Read the scenario below and answer the questions that follow
SHINING STAR BUS COMPANY (PTY) Ltd
Shining Star Bus Company (Pty) Ltd transport passengers to different provinces at a
reasonable price. The management of the company wants to convert the company into a
company that will allow them to sell shares to the public through the Johannesburg
Security Exchange(JSE).
1.6.1 Identify TWO forms of ownership that are represented by the scenario above
Motivate your answer by quoting from the scenario.
Answers
Answer:
see below
Explanation:
1. Private Limited Company
A private limited company is an acknowledged legal entity whose shares are held privately by the founders. The shareholders are the owners. They are not allowed to trade their shares to the public through the security exchange. SHINING STAR BUS COMPANY (PTY) Ltd is currently a limited private company. Transfer of shares has to be between the existing shareholders, the bus company, and requires authorization. The shareholders have limited liability to the company's debts and are entitled to a share in the company profits.
2. Public Limited Company
A public limited company is recognized as a legal and separate entity from its owners. Unlike a private limited company, the shares of a public limited company are traded in the security exchange markets. It means ownership of a public company is open to the public. The management of SHINING STAR BUS COMPANY (PTY) Ltd wants to convert it to a public limited company. After the conversion, its shares will be traded at the Johannesburg Security Exchange(JSE).
When should the trial balance totals differ?
A. Only when it is drawn up by the accountant
B. When drawn up before the profit and loss account is prepared
C. If drawn up halfway through the financial year
D. Never
Answers
Answer:
C. If drawn up halfway through the financial year
Explanation:
A business prepares a trial balance to check on the accuracy of the double-entry system. The trial balance detects any mathematical errors that may have occurred during recording or posting information in various accounts.
A trial balance lists all the accounts as obtained from a firm's general ledger. It sums up the closing balances of all debits on one column and credits on the other. If the debits and credits balance, the firm's ledger book is presumed not to have mathematical errors.
The preparation of a trial balance is at the end of a financial period, before the main financial statements. It uses the closing balances of the ledger accounts. If some accounts are not closed, then a trial balance will not balance.